SMMD vs. IIVAX
Compare and contrast key facts about iShares Russell 2500 ETF (SMMD) and Transamerica Small/Mid Cap Value Fund (IIVAX).
SMMD is a passively managed fund by iShares that tracks the performance of the Russell 2500 Index. It was launched on Jul 6, 2017. IIVAX is managed by Transamerica. It was launched on Apr 2, 2001.
Performance
SMMD vs. IIVAX - Performance Comparison
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SMMD vs. IIVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMD iShares Russell 2500 ETF | 2.10% | 11.72% | 11.87% | 17.71% | -18.53% | 18.30% | 19.98% | 28.01% | -10.58% | 10.82% |
IIVAX Transamerica Small/Mid Cap Value Fund | 0.78% | 9.49% | 8.57% | 12.02% | -8.35% | 27.49% | 3.25% | 24.62% | -11.87% | 7.92% |
Returns By Period
In the year-to-date period, SMMD achieves a 2.10% return, which is significantly higher than IIVAX's 0.78% return.
SMMD
- 1D
- 3.53%
- 1M
- -5.15%
- YTD
- 2.10%
- 6M
- 4.19%
- 1Y
- 23.65%
- 3Y*
- 13.21%
- 5Y*
- 5.12%
- 10Y*
- —
IIVAX
- 1D
- -0.19%
- 1M
- -6.68%
- YTD
- 0.78%
- 6M
- 2.98%
- 1Y
- 13.12%
- 3Y*
- 9.96%
- 5Y*
- 6.32%
- 10Y*
- 9.33%
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SMMD vs. IIVAX - Expense Ratio Comparison
SMMD has a 0.15% expense ratio, which is lower than IIVAX's 1.23% expense ratio.
Return for Risk
SMMD vs. IIVAX — Risk / Return Rank
SMMD
IIVAX
SMMD vs. IIVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2500 ETF (SMMD) and Transamerica Small/Mid Cap Value Fund (IIVAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SMMD | IIVAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.74 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.16 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.92 | +0.75 |
Martin ratioReturn relative to average drawdown | 7.05 | 3.62 | +3.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMMD | IIVAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.74 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.34 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.48 | -0.05 |
Correlation
The correlation between SMMD and IIVAX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SMMD vs. IIVAX - Dividend Comparison
SMMD's dividend yield for the trailing twelve months is around 1.22%, less than IIVAX's 10.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMD iShares Russell 2500 ETF | 1.22% | 1.28% | 1.27% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% | 0.00% | 0.00% |
IIVAX Transamerica Small/Mid Cap Value Fund | 10.50% | 10.58% | 12.75% | 4.83% | 9.72% | 10.94% | 0.48% | 3.17% | 12.58% | 13.20% | 5.91% | 9.34% |
Drawdowns
SMMD vs. IIVAX - Drawdown Comparison
The maximum SMMD drawdown since its inception was -41.06%, smaller than the maximum IIVAX drawdown of -57.38%. Use the drawdown chart below to compare losses from any high point for SMMD and IIVAX.
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Drawdown Indicators
| SMMD | IIVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -57.38% | +16.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -12.98% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | -23.12% | -5.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.13% | — |
Current DrawdownCurrent decline from peak | -6.47% | -7.84% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -8.38% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.30% | +0.02% |
Volatility
SMMD vs. IIVAX - Volatility Comparison
iShares Russell 2500 ETF (SMMD) has a higher volatility of 7.30% compared to Transamerica Small/Mid Cap Value Fund (IIVAX) at 4.05%. This indicates that SMMD's price experiences larger fluctuations and is considered to be riskier than IIVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMMD | IIVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 4.05% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 9.92% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.05% | 18.39% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 18.62% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.46% | 20.51% | +1.95% |